Choong Yee How, the director, group president and CEO of GuocoLand will be retiring on June 30.

The 64 year old, who will turn 65 as at the time of his retirement, was appointed to the position for almost six years, since Sept 1, 2015.

In his role, Choong’s responsibilities included the implementation of the policies and decisions made by the board, as well as initiating ideas and setting benchmarks and targets within the group.

SEE:Guocoland Group CEO Chia Boon Kuah retires; Choong Yee How to take over

Choong’s position as CEO will be taken over by Cheng Hsing Yao, who is currently the group managing director of GuocoLand Singapore.

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Cheng’s appointment will take effect on July 1

Shares in GuocoLand closed 1 cent lower or 0.6% down at $1.72 on April 9.